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August 01, 2008
$ y8 L' r z ^: c1 B! _3 ?Weekly Update on the Edmonton Real Estate Market f9 V _( _! {1 T! K3 d$ ~
% f# S! k% h2 a( z1 N" lWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
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New listings: 528 (476, 599, 617)
) F6 X( g5 i( }6 p, g# E: Y# Sales: 296 (286, 293, 254)
( }1 B3 F3 T: w% Z- a5 c8 NRatio: 56% (60%, 49%, 41%)3 \8 q" H0 n O& r& f
# Price changes: 466 (480, 554, 511)
1 _5 B9 {; Y `6 W# Expired Listings: 608 (162, 270, 261)
" ], u# y3 `/ e4 D' L# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
8 X# g. Y( _8 l" vNet loss/gain in listings this week: -418 (-35, -29, 47)7 h7 S2 E1 q: s' C
Active listings for single family homes: 4007 (4206, 4236, 4242)
' m7 C/ D7 B' Q; P. YActive listings for condos: 2708 (2914, 2910, 2901)
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I know we promised a big day for stats today, and it is still coming. There has been a slight delay getting the daily stats up for the last day of July in the board's database, but I have their assurance the numbers will be up shortly. We'll get that to you asap.
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For now, we've got our weekly analysis. As is typical for the end of the month, there were a large number expiries, which accounted for another drop in inventory. The new listings to sales ratio remains higher than we've seen in previous weeks. Another interesting tid bit, there were a large number of condos that changed hands this week - 137 when the average for the last 5 months is 100. This is likely due to the number of people up looking for condos for their kids going to U of A this fall. |
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